Peru: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Peru

The Peruvian battered fish fillet market expanded sharply to $X in 2021, rising by 12% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.1% against 2019 indices. Battered fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Battered Fish Fillet Production in Peru

In value terms, battered fish fillet production totaled $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2017 indices. The growth pace was the most rapid in 2016 when the production volume increased by 45%. Battered fish fillet production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Peru

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported from Peru; with an increase of 4.3% compared with the previous year. Over the period under review, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 239% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports expanded sharply to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 270%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X tons) was the main destination for battered fish fillet exports from Peru, with a 87% share of total exports. It was followed by South Africa (X tons), with a 2.4% share of total exports. The third position in this ranking was held by Ghana (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Congo totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-27.9% per year) and Ghana (-20.1% per year).

In value terms, Congo ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Peru, comprising 81% of total exports. The second position in the ranking was taken by South Africa ($X), with a 3.5% share of total exports. It was followed by Ghana, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Congo stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-18.6% per year) and Ghana (-14.1% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, rising by 2.6% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 64%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Peru

In 2021, the amount of fish fillets in batter or breadcrumbs imported into Peru surged to X tons, rising by 32% against the previous year. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 1,902%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, battered fish fillet imports soared to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 2,080% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Ecuador (X tons) was the main supplier of battered fish fillet to Peru, with a approx. 93% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador stood at +86.9%.

In value terms, Ecuador ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Peru.

From 2012 to 2021, the average annual growth rate of value from Ecuador totaled +84.9%.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, rising by 8.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to -1.1% per year.

Source: IndexBox Platform

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